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India's new GST, like Delhi, wasn't built in a day

Those who expect a hassle-free GST for India from the get-go on July 1 would need to be more realistic, and allow more time for the dust to settle.
Tuesday, July 4, 2017 - 05:50

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Pedestrians walking along a street in an electronics market in New Delhi, India. Effective July 1, the GST subsumes eight central taxes and nine state taxes and levies, ending the complex web of indirect taxes that has saddled business in India.

AT the stroke of the midnight hour on Aug 15, 1947, India made its deal with destiny, upon its declaration as an independent and sovereign Republic. Nearly 70 years thereafter and again at the stroke of the midnight hour marking July 1, 2017, India implemented its most vital tax reform in the

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